Chat with us, powered by LiveChat

Loading...

RTD Sensor Market Report

RA00129

RTD Sensor Market, by Temperature Type (Non-contact Temperature, Contact Temperature), Measuring Element (Nickel, Platinum, and Copper), End Use (Polymer, Power & Energy, Chemical, Oil & Gas, Aerospace & Defense, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00129

Pages: NA

Mar 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on RTD Sensor Market

Global RTD Sensor Market Overview 2026:

Resistance temperature detectors (RTDs) are also called as resistance thermometers that are used to measure temperature. The working principle of RTD sensors is the measuring of temperature by comparing the resistance of the RTD measuring element with the temperature. Typical temperature measuring elements used in the RTD sensors are nickel, platinum and copper. High electrical resistivity, high resistance temperature and corrosion resistance are the major characteristics that must be possessed by RTD sensors. RTD sensors are capable of measuring temperatures up to 800° C.

Increasing demand for temperature sensors from end use industries and growing demand from consumer electronic sectors are important drivers for the RTD sensors market growth

The global RTD sensors market is majorly driven by the benefits of the sensors including the accuracy, long-term stability, low energy consumption and durability of the sensors in measuring the temperature. In addition, there is a growing demand for RDP sensors from the automotive industry for the utilization in the Advanced Driving Assistance Systems (ADAS) to improve vehicle and traveler’s safety. Vehicle engines operate at extreme temperatures; in such cases, there is necessity of thermal management to ensure safety of the vehicle and passengers. This factor will drive the demand for RTD sensors for the control of ventilation, heating and cooling systems in the vehicle. Moreover, RTD sensor finds wide range of uses across various end use industries including consumer electronics, manufacturing, oil & gas, chemical and other industries. This factor is projected to propel the market growth in the coming years. Furthermore, temperature is a crucial parameter in power & energy generation plants. Incorrect management of temperature in power plants can lead to damage in the operational equipment and thereby destruct the operational excellency; this factor will drive the RTD sensor demand.

Advancements of RTD sensor technologies in food processing industry is a significant investment opportunity for the growth of the RTD sensor market

Continuously increasing technological improvements in temperature sensors is creating substantial growth opportunities in RDP sensors market. Also, growing demands for SDP sensors from food processing applications including, preservation of food along with maintaining the quality & safety of the food by minimizing the wastage, are projected to drive the growth opportunities in the global market.

Contact SDP sensors segment is estimated to be most lucrative throughout the forecast period

Contact type sensors measure the temperature through the conduction mode of heat, where heat is directly transferred by the material through physical contact with the sensors. These sensors are mostly used to monitor the temperatures of solids and liquids. Due to these benefits, the contact RTD sensors are extensively used in the chemical and pharmaceutical industries. Non-contact temperature type sensors monitor the temperature by convection or radiation of the heat, where heat energy is directly transmitted by fluids through radiant energy. These sensors are majorly used to measure the temperatures of the gases. The advantages of the non-contact RTD sensors are driving the market size in the oil & gas industry.

Platinum measuring element is projected to be most lucrative till the end of 2026

Platinum measuring element generated the majority of the RTD sensors market share in 2018 and is projected to continue its dominance on the market size during the forecast period. Platinum material is the most widely used measuring component in the RTD sensors. Also, platinum material has brilliant resistance towards corrosion due to chemicals, tremendous long-term stability and its capability to measure the temperature from 200° C up to 850° C. These benefits of platinum will drive the market size during the estimated time. Nickel measuring element of RTD sensors market is projected to grow at a notable rate during the forecast period. Nickel measuring elements are less expensive and have typical corrosion resistance at 100° C than platinum and copper. These aspects will enhance the growth of the RTD sensor market in the coming years.

Automotive end use will be the most lucrative in the forecast period

Global RTD sensors market for automotive end use will have noteworthy growth and is projected to lead a significant market size in the estimated period. The RTD sensors integrated in automobiles are used for measuring the temperature of the gas or liquid in the automobile by using RTD elements. Also, increase in the number of automobiles across the globe is forcing the manufacturers towards implementation of new technologies to reduce emissions from automobiles, which is indirectly rising the demand for RTD sensors.   

The RTD sensor market for chemical end use held the highest market size in 2018 and is projected to continue its trend throughout the estimated time. This growth is mainly because RTD sensors will play a crucial role in controlling and monitoring the temperature in the chemical processes. Also, in chemical industry there are several critical processes; in such processes, a minor fluctuation in temperature may damage the equipment and impact the personnel too. Therefore, RTD sensors play a significant role in the chemical industry, which is anticipated to fuel the market growth in the projected period. Along with chemical, the market for oil & gas end use is accounted for the second largest market share in 2018. This growth is attributed to wide usage of RTD sensors in the production, extraction, distillation and refining of oil & gas products.

Asia-Pacific region will have vast growth opportunities in the global market during the forecast period

The global RTD sensors market share is dominated by the North America region and is projected to continue its dominance over the global market during the projected time. This dominance is majorly attributed to extensive usage of the RTD sensors in the food & beverage, automotive, and manufacturing industries. Also, established major manufacturers of RTD sensors are concentrating on product developments and upgradation of the existing portfolio; these aspects are expected to fuel the market growth in North America. Moreover, Europe region holds the second highest market size and is projected to continue its trend in the estimated time, due to existence of premium and large scale automobile industries including BMW, Ferrari, Aston Martin, Alfa Romeo and other automotive companies opting innovative technologies that are driving the market growth in the Europe region.

The RTD sensor market in Asia-Pacific region is anticipated to create lucrative growth opportunities to key market participants and is projected to generate substantial revenue in the global market during the forecast period. Growing the demand for RTD sensors from the consumer electronics, automotive and other sectors is increasing the use of RTD sensors. In addition, existence of developing countries coupled with rapid industrialization in the end use industries is projected to fuel the demand for the temperature sensor; these factors are ultimately estimated to drive the market growth in the forecast time.

Product development and joint ventures are the most common strategies followed by the market players

Product development and joint ventures are the most common strategies followed by the market players

Source: Research Dive Analysis

Major key participants in the global RTD sensor market are Emerson Electric Co, STMicroelectronics, Honeywell International Inc., Products, Inc., TDK-Micronas GmbH, OMRON Corporation, GENERAL ELECTRIC, Texas Instruments Incorporated, Siemens, Maxim Integrated, Infineon Technologies AG and DENSO CORPORATION. These key participants are focusing on several strategies such as geographical expansions, mergers & acquisitions, joint ventures, R&D activities, product developments and new product launches to gain majority of the market share in the overall RTD sensor industry.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Temperature Type

  • Non-contact Temperature
  • Contact Temperature

  Segmentation by Type

  • Thermocouple
  • Thermistor
  • Others

  Segmentation by Measuring Element

  • Nickel
  • Platinum
  • Copper

Segmentation by End Use

  • Polymer
  • Power & Energy
  • Chemical
  • Oil & Gas
  • Aerospace & Defense
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Emerson Electric Co
  • STMicroelectronics
  • Honeywell International Inc.
  • Products, Inc.
  • TDK-Micronas GmbH
  • OMRON Corporation
  • GENERAL ELECTRIC
  • Texas Instruments Incorporated
  • Siemens
  • Maxim Integrated
  • Infineon Technologies AG
  • DENSO CORPORATION

Frequently Asked Questions
 

A. STMicroelectronics, Honeywell International Inc., OMRON Corporation, GENERAL ELECTRIC and Siemens are some of the key players in the global connected motorcycles market.

A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. R&D investments, new product launches and product development are the key implementations opted by the key players in this market.

A. STMicroelectronics, GENERAL ELECTRIC, Siemens and Infineon Technologies AG are investing more on R&D activities for developing new products and technologies.

Research Methodology

Purchase Options

Inquire To Buy

Personalize this research

  • Triangulate with your own data
  • Request your format and definition
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed